Spotlight: Voluntary Carbon Markets (VCMs)
“Voluntary carbon markets can be a powerful tool for mobilizing the investment in innovative technologies and actions needed to keep a 1.5 C limit on warming within reach. VCMI [the Voluntary Carbon Markets Initiative] is performing a vital service by establishing high-integrity pathways for companies to support stronger climate action while making progress toward their own net-zero goals. By creating sound guardrails for the use of high-quality carbon credits, the new VCMI guidance will provide strong assurance that this finance will help deliver the greater climate action we so urgently need.”
U.S. Special Presidential Envoy for Climate
UN carbon market inches closer after COP29 agreement
The UN-backed carbon market moves closer, with COP29 nations setting new standards to ensure transparency and project credibility.
‘Carbon-neutral’ countries demand credit at COP29
Small nations like Bhutan and Panama, which absorb more carbon than they emit, demand recognition at COP29 for their sacrifices.
For nearly a decade, climate talks have been hashing out so-called Article 6. But what is it?
At COP29, leaders finalize Article 6 for carbon trading, stirring debate over its impact on emissions and human rights.
Companies are buying up cheap carbon offsets — data suggest it may be more about greenwashing than helping the climate
Carbon offsets are booming, but low-quality, unregulated options raise doubts about their effectiveness in cutting emissions.
Nations approve new UN rules on carbon markets at COP29
COP29 approved UN standards for carbon markets, a pivotal step toward enabling countries to trade credits to meet climate goals.
Singapore, Gold Standard and Verra Release Initial Recommendations Outlining Progress in the Development of a Carbon Crediting Protocol to Implement Article 6.2
11 November 2024 SINGAPORE – November 11, 2024 | Singapore’s National Climate Change Secretariat (NCCS) in the Strategy Group, Prime Minister’s Office and...
What does that mean? A guide to COP29 climate jargon
With U.N. climate talks tackling complex topics from energy policy to global financial aid, the annual summit has developed its own lexicon.
UN aims to set standards for scandal-hit carbon markets at COP29
Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits.
Azerbaijan aims to launch green investment rule book at COP29
At COP29, Azerbaijan will launch a unified green finance taxonomy backed by 100+ nations, streamlining sustainable investments.
Will COP29 unlock a new era of action? What to watch at the 2024 climate summit
World Resources Institute on the COP29 negotiations: what's at stake and what needs to happen in Baku to drive rapid progress.
